Respectfully I disagree, and honestly, I don't think it's about prop firms, it's about the traders, anyone who approaches prop firm with a gambling mentality would also gamble with personal account as well. My view is as long as you have an edge with your strategy, then the potential upside of using prop firms is huge. Let's not talk about people who don't have an edge, because they would lose their personal account anyway. My advice is always especially to beginners, once u have an edge, get the smallest account ($40 for a $5k account), take your time to trade that, even if u lose its just $40. But if u put that same $40 in a personal account 100% guaranteed you will lose it. So, the "potential" of prop firms is better than the potential of a small account, given that more than 90% cannot afford to have a personal account of the same $5k.
You can’t approach trading prop firms that way because you will waste months achieving nothing if you end up failing . You do not have control over when your strategy will have a great month or not so you could literally pass in a good period all to end up losing the account or spending months in drawdown on a live account after all that hard work, all that time spent you could’ve built a real track record on a real live account not prop nonesense
You are right on the pitfalls of trading with online prop firms. Greed, complacency, chasing profits, cycle of blew up challenges and redo, …. But if the approach is right, one could learn to trade with minimal losses via prop firm challenges. At the end, what matter is getting the skills and trade personal capital.
I don't even have to watch the video to say this. You SHOULD trade prop firms, if you do it properly. I paper traded for 6 months then I made a withdrawal on first prop firm account. Took out $3,400 this month alone which to me is life changing money. Those $3,400 are added to my personal account and once my personal account is at $25,000 I'll go personal 100%
bro my expectation is : after 2 months statisicly if you are profitable you can be funded and after one month you can make your first payout and after two or three payout you can go to pesonal account so its a 6 months work are you agree with me cuz for poor people there's no wau to have capital😪
Prop firm is the new retail trading space, they put their hard earn money into this prop firm is the same way they put their money into brokerage firm but comes with the different product packages (50k, 100k, 200k and etc), same money transfer from losers to winners, but the prop firm has a better control on managing the certainty of expenses when they are able to ban traders and deny the payout, they have their own edge in running business when it comes to the risk control.
Agree too! It’s always depending how traders approach prop firms. If you’re consistent regardless of you trading personal acc or prop firm acc, you’ll still succeed!
Prop firm is a tool utilize them and focus on growing your personal accounts with your payouts… Prop firms are never bad imo it’s just the mindset on how traders approach them.. This video will be a bit confusing if you don’t get the point. ✌️
Good advice. Prop firms only exist because of greedy traders...... Trading with brokers is already risky because of leverage like 1:400..... Prop firms are basically brokers giving you higher leverage of 1:4000 with silly rules to make you fail.
No one really owns their prop firm acount. You can never really manage a six figure acount since the rules are so strict that for example if you lose 5% on a day they can remove you from the fund. Or id you lose in total 10% that also implies a reason of losing acount. Best way is and will always be personal acount.
@SilasIp-we6wu yes I do agree. That's why most of the people end up losing their acount. If you have a good strategy and kept your risk management according to the prop firm rules, you will benefit alot from prop firms. But the reality is not everyone is really good at risk management. It also makes sense why alot are speaking about the importance of trading psychology and keeping your emotions intact while trading.
@@chenjunwenn I got banned by a few prop firms already haha. That's just the reality of these online prop firms, you can't get too much withdrawals, it'll ping their system. But i can't speak for all the prop firms, some may be legit.
i never attempt to get funded by any prop firms cause of the reason that someday they will vanish because of their bad business plan..i am contented to start small but personal account.
This doesn't really make much sense. If you're a profiting trader and good enough to pass an evaluation You can trade a funded account and make sure you take your payouts as you go along and put that capital aside for your personal account. If you're scared that for some reason you won't get paid by the firm, you probably didn't go for the firm with the highest reputation. Let's say you pass an evaluation and take a payout that covers the cost of your evaluation. From this point you are literally FREE ROLLLING. If the firm goes under for whatever reason or decides to not pay you. You will still be in the green because you've earned more money from the prop firm than you've invested, assuming you're a good enough trader. Then we can go into the semantics side of it of wether you're actually handling a 6-figure account. You're not actually, I don't disagree. But you do have the ability to earn as if you were, which is the whole point. So it comes down to the trader to practise dicipline and make sure they take the proper steps to be ready for the evaluation. I.e trading demo accounts or small capital, studying, mentorships. If you see actual numbers that you are profitable over time. You would be retarded to not trade a funded account for at least a period to build your capital faster. But that's just my view of course.
Bro, why don’t you put your 250k payouts into reputable broker and trade from your own account? Okay let’s say you enjoy 100k and put 150k into broker. You don’t wanna thank prop firms? Also, if you have been enjoying payouts.. what makes you stop trading from prop firms? Aka risking your own hard earned money? If you have a skillset why don’t you just trade on prop firms? Your real money is safe and say its 100k account, you only risking 1k of the challenge fee instead of put your 100k exposed to risk? Yes prop firms have its own risk but imo you can take advantage of it. Of course like you said, if you know what you’re doing.
This video is pointing towards aspiring yet inconsistent traders, not myself. I already have sufficient personal capital just for your information. Unfortunately, majority approach prop firms with a gambling mindset, that’s the highlight of the video.
i agree 100% with this if you are trading and want to be profitable in 2025 use your live account
Respectfully I disagree, and honestly, I don't think it's about prop firms, it's about the traders, anyone who approaches prop firm with a gambling mentality would also gamble with personal account as well. My view is as long as you have an edge with your strategy, then the potential upside of using prop firms is huge. Let's not talk about people who don't have an edge, because they would lose their personal account anyway. My advice is always especially to beginners, once u have an edge, get the smallest account ($40 for a $5k account), take your time to trade that, even if u lose its just $40. But if u put that same $40 in a personal account 100% guaranteed you will lose it. So, the "potential" of prop firms is better than the potential of a small account, given that more than 90% cannot afford to have a personal account of the same $5k.
Bro thank you! Been very indecisive on starting with a small $400 account or use that for multiple prop accounts.
You can’t approach trading prop firms that way because you will waste months achieving nothing if you end up failing . You do not have control over when your strategy will have a great month or not so you could literally pass in a good period all to end up losing the account or spending months in drawdown on a live account after all that hard work, all that time spent you could’ve built a real track record on a real live account not prop nonesense
You are right on the pitfalls of trading with online prop firms. Greed, complacency, chasing profits, cycle of blew up challenges and redo, …. But if the approach is right, one could learn to trade with minimal losses via prop firm challenges. At the end, what matter is getting the skills and trade personal capital.
I don't even have to watch the video to say this. You SHOULD trade prop firms, if you do it properly. I paper traded for 6 months then I made a withdrawal on first prop firm account. Took out $3,400 this month alone which to me is life changing money. Those $3,400 are added to my personal account and once my personal account is at $25,000 I'll go personal 100%
bro my expectation is : after 2 months statisicly if you are profitable you can be funded and after one month you can make your first payout and after two or three payout you can go to pesonal account so its a 6 months work are you agree with me cuz for poor people there's no wau to have capital😪
Prop firm is the new retail trading space, they put their hard earn money into this prop firm is the same way they put their money into brokerage firm but comes with the different product packages (50k, 100k, 200k and etc), same money transfer from losers to winners, but the prop firm has a better control on managing the certainty of expenses when they are able to ban traders and deny the payout, they have their own edge in running business when it comes to the risk control.
Agree too!
It’s always depending how traders approach prop firms. If you’re consistent regardless of you trading personal acc or prop firm acc, you’ll still succeed!
Prop firm is a tool utilize them and focus on growing your personal accounts with your payouts…
Prop firms are never bad imo it’s just the mindset on how traders approach them..
This video will be a bit confusing if you don’t get the point. ✌️
This video is mainly about the cons for inconsistent traders taking prop firm challenges!
and you are right i wasted so much as challanges i was swipping away and fucking paying for so many challanges
i like how u check the P/L of your positions while talking
😅
/the glass in the back show it / hahaha
Haha 😂
I move to the futures market. Way easier to be profitable with props in that side. I will fund a personal on this next payout. 😅
Nice!
Good advice. Prop firms only exist because of greedy traders...... Trading with brokers is already risky because of leverage like 1:400..... Prop firms are basically brokers giving you higher leverage of 1:4000 with silly rules to make you fail.
👍
Which prop firms gives 1: 4000 leverage?
😂😂😂😂 i would also like to know that prop with 1:4000 leverage@@animalslife9714
No one really owns their prop firm acount. You can never really manage a six figure acount since the rules are so strict that for example if you lose 5% on a day they can remove you from the fund. Or id you lose in total 10% that also implies a reason of losing acount. Best way is and will always be personal acount.
@SilasIp-we6wu yes I do agree. That's why most of the people end up losing their acount. If you have a good strategy and kept your risk management according to the prop firm rules, you will benefit alot from prop firms.
But the reality is not everyone is really good at risk management. It also makes sense why alot are speaking about the importance of trading psychology and keeping your emotions intact while trading.
Do you still trade with FTMO? That’s the only prop I’ll be going for and the goal is to use the payout to grow my personal.
I don't anymore, they banned me about 3 years ago fun fact!
@@neohyongofficial for being too profitable? Lol
@@chenjunwenn I got banned by a few prop firms already haha. That's just the reality of these online prop firms, you can't get too much withdrawals, it'll ping their system. But i can't speak for all the prop firms, some may be legit.
You can say all these things now that you have more than enough personal funds on your hands
bro any other payment method you take ? want to join your course ...
Dm me on my IG, link in the description
i never attempt to get funded by any prop firms cause of the reason that someday they will vanish because of their bad business plan..i am contented to start small but personal account.
👍
This doesn't really make much sense.
If you're a profiting trader and good enough to pass an evaluation You can trade a funded account and make sure you take your payouts as you go along and put that capital aside for your personal account. If you're scared that for some reason you won't get paid by the firm, you probably didn't go for the firm with the highest reputation.
Let's say you pass an evaluation and take a payout that covers the cost of your evaluation. From this point you are literally FREE ROLLLING. If the firm goes under for whatever reason or decides to not pay you. You will still be in the green because you've earned more money from the prop firm than you've invested, assuming you're a good enough trader.
Then we can go into the semantics side of it of wether you're actually handling a 6-figure account. You're not actually, I don't disagree. But you do have the ability to earn as if you were, which is the whole point.
So it comes down to the trader to practise dicipline and make sure they take the proper steps to be ready for the evaluation. I.e trading demo accounts or small capital, studying, mentorships.
If you see actual numbers that you are profitable over time. You would be retarded to not trade a funded account for at least a period to build your capital faster.
But that's just my view of course.
Bro, why don’t you put your 250k payouts into reputable broker and trade from your own account?
Okay let’s say you enjoy 100k and put 150k into broker. You don’t wanna thank prop firms?
Also, if you have been enjoying payouts.. what makes you stop trading from prop firms? Aka risking your own hard earned money?
If you have a skillset why don’t you just trade on prop firms? Your real money is safe and say its 100k account, you only risking 1k of the challenge fee instead of put your 100k exposed to risk?
Yes prop firms have its own risk but imo you can take advantage of it. Of course like you said, if you know what you’re doing.
This video is pointing towards aspiring yet inconsistent traders, not myself.
I already have sufficient personal capital just for your information. Unfortunately, majority approach prop firms with a gambling mindset, that’s the highlight of the video.
Why new traders should not watch every youtube videos and taking courses
Correct. Choose who you learn from wisely.
funded pip just give 1:30 for gold